Cost of living in New York City, United States vs Reykjavik, Iceland
Currency:
| Food | - 15% | |||
|---|---|---|---|---|
| Food in New York City (United States) is 15% cheaper than in Reykjavik (Iceland) | ||||
| Basic lunchtime menu (including a drink) in the business district | $19 (2,331 kr) | 2,674 kr | - 13% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $9 (1,163 kr) | 1,787 kr | - 35% | |
| 500 gr (1 lb.) of boneless chicken breast | $5.93 (738 kr) | 961 kr | - 23% | |
| 1 liter (1 qt.) of whole fat milk | $1.10 (137 kr) | 190 kr | - 28% | |
| 12 eggs, large | $3.98 (496 kr) | 788 kr | - 37% | |
| 1 kg (2 lb.) of tomatoes | $4.83 (601 kr) | 572 kr | + 5% | |
| 500 gr (16 oz.) of local cheese | $8 (951 kr) | 852 kr | + 12% | |
| 1 kg (2 lb.) of apples | $4.20 (523 kr) | 317 kr | + 65% | |
| 1 kg (2 lb.) of potatoes | $1.81 (225 kr) | 331 kr | - 32% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $5.41 (674 kr) | 454 kr | + 48% | |
| 1 bottle of red table wine, good quality | $17 (2,087 kr) | 2,949 kr | - 29% | |
| 2 liters of coca-cola | $2.32 (289 kr) | 320 kr | - 10% | |
| Bread for 2 people for 1 day | $3.13 (390 kr) | 504 kr | - 23% | |
| Housing | + 25% | |||
| Housing in New York City (United States) is 25% more expensive than in Reykjavik (Iceland) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $3,806 (474,073 kr) | 301,800 kr | + 57% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $2,696 (335,772 kr) | 267,065 kr | + 26% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | $130 (16,221 kr) | 18,704 kr | - 13% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $2,650 (330,031 kr) | 202,644 kr | + 63% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $1,930 (240,413 kr) | 170,620 kr | + 41% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | $85 (10,555 kr) | 13,134 kr | - 20% | |
| Internet 8 mbps (1 month) | $56 (7,030 kr) | 9,153 kr | - 23% | |
| 40” flat screen tv | $304 (37,915 kr) | 97,992 kr | - 61% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | $264 (32,863 kr) | 24,102 kr | + 36% | |
| Laundry detergent (3 l. ~ 100 oz.) | $14 (1,798 kr) | 1,913 kr | - 6% | |
| Hourly rate for cleaning help | $24 (2,946 kr) | 4,144 kr | - 29% | |
| Clothes | - 39% | |||
| Clothes in New York City (United States) is 39% cheaper than in Reykjavik (Iceland) | ||||
| 1 pair of jeans (levis 501 or similar) | $63 (7,823 kr) | 15,871 kr | - 51% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $41 (5,149 kr) | 7,315 kr | - 30% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | $84 (10,507 kr) | 18,995 kr | - 45% | |
| 1 pair of men’s leather business shoes | $116 (14,396 kr) | 25,454 kr | - 43% | |
| Transportation | + 1% | |||
| Transportation in New York City (United States) is about the same as in Reykjavik (Iceland) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | $25,207 (3,139,569 kr) | 3,899,760 kr | - 19% | |
| 1 liter (1/4 gallon) of gas | $0.86 (108 kr) | 228 kr | - 53% | |
| Monthly ticket public transport | $128 (16,002 kr) | 13,260 kr | + 21% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | $25 (3,161 kr) | 3,398 kr | - 7% | |
| Personal Care | + 39% | |||
| Personal Care in New York City (United States) is 39% more expensive than in Reykjavik (Iceland) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | $9 (1,059 kr) | 1,366 kr | - 22% | |
| 1 box of antibiotics (12 doses) | $24 (2,934 kr) | 1,999 kr | + 47% | |
| Short visit to private doctor (15 minutes) | $176 (21,864 kr) | 6,835 kr | + 220% | |
| 1 box of 32 tampons (tampax, ob, ...) | $8 (999 kr) | 661 kr | + 51% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | $4.63 (577 kr) | 604 kr | - 4% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | $7 (859 kr) | 676 kr | + 27% | |
| 4 rolls of toilet paper | $4.95 (617 kr) | 485 kr | + 27% | |
| Tube of toothpaste | $2.37 (295 kr) | 414 kr | - 29% | |
| Standard men's haircut in expat area of the city | $31 (3,807 kr) | 5,671 kr | - 33% | |
| Entertainment | + 34% | |||
| Entertainment in New York City (United States) is 34% more expensive than in Reykjavik (Iceland) | ||||
| Basic dinner out for two in neighborhood pub | $63 (7,900 kr) | 7,096 kr | + 11% | |
| 2 tickets to the movies | $33 (4,154 kr) | 3,236 kr | + 28% | |
| 2 tickets to the theater (best available seats) | $402 (50,101 kr) | 12,001 kr | + 317% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | $135 (16,816 kr) | 14,645 kr | + 15% | |
| 1 cocktail drink in downtown club | $18 (2,242 kr) | 2,560 kr | - 12% | |
| Cappuccino in expat area of the city | $5.29 (659 kr) | 599 kr | + 10% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | $8 (1,035 kr) | 1,095 kr | - 5% | |
| Ipad wi-fi 128gb | $404 (50,306 kr) | 85,553 kr | - 41% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | $0.53 (66 kr) | 21 kr | + 218% | |
| 1 month of gym membership in business district | $93 (11,549 kr) | 7,357 kr | + 57% | |
| 1 package of marlboro cigarettes | $15 (1,874 kr) | 1,474 kr | + 27% | |
| TOTAL | + 9% | |||
These prices were last updated on May 14, 2021.
Exchange rate:
124.550
ISK
/
USD
This comparison is based on abundant and consistent data. It is based on 1,378 prices entered by 261 different people.
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